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memorial service for nelson mandela in south africa. we are starting with the economy. there have been solid job numbers and major revision for the gd approximate, and a strong end to the week on wall street. it has a bunch of experts predictioning that a steadily improving economy is on the horizon for the coming year. what would that mean politically? health care and obstruction are the clubs are choice for the two parties. they are beating each other up over both issues and both could be problems as well. the economy is the wild card right now. right now things are looking up. on friday we got word that they push the average jobs growth to 189,000 a month. not great, but not horrible. it's an improvement over 2012. unemployment is down to 7% down 18/10 of a point from this time last year and the lowest since november of 2008. we saw a big revision that was up 3.6% in the third quarter. that's a half percentage point better than 2012. there is a caveat. a good portion came from businesses building up inventory. they may end up stocking up so much, they don't need to buy as much. ther
christiane amanpour and candy crowley. all at the same table. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney.
scalp. >>> after five years of stops and starts, the u.s. economy may be in a steady recovery. the unemployment rate is the lowest in five years. home sales and price rsz up. stocks are rising. gas prices are falling. not everyone is feeling it though. a new cnn poll shows that a quarter of the public believes things are getting better. nour ten say it's getting worse. joining me now kevin hasset, former economic adviser to m.i.t. romney and annie lowry and mark zandy, chief communist from moodies an lit ikz. thank you all for joining us. so is this real? the worst has happened? and we're on the road to recovery? yes? >> yes. i think that we're clearly in a strong recovery now. if you look at the inflection and data over the last couple months, it's really the best couple of months i've seen since the great recession began. consumer confidence is soaring. auto sales jumped up to 16.4 mill dwron above the 16 million which is like the 98.6 for the economy. everything is looking good. it's that rare moment where we seem to be right on the verge of a recovery. >> wow. could someth
that these sanctions have absolutely crippled that economy. and so, what we would risk doing here in implementing a new round of sanctions is not just screwing up the negotiation, but sending a message to the iranian people, who are frankly way more pro-american than people might think -- >> right. >> -- that we aren't really serious about ultimately doing the deal they want. the hard-liners are isolated right now in iran, and we are, frankly, going to empower them if we show up at the table in the middle of these short-term negotiations with a new round of sanctions that even though they may take place in the future. this is about building confidence with the negotiators on the iranian side but also the iranian people. >> there's a political dimension to this. one of the polls we have, which is from reuters ipsos, on support for this deal show 2-1 support for it, which i was heartened to see. that doesn't necessarily reflect what i saw necessarily in the pundit class. but there's another moral dimension to this. i've heard a lot of people, along with some of your colleagues and commentators, we've got
in this economy? >> it does. you can see the headline number was stronger than many of us had expected. even as far as mcquarry goes as well. a lot of that was an inventory buildup. that's really great for the third quarter. that puts in some head winds for the fourth quarter. mcquarry believes you could have fourth quarter gdp as low as .8%. much lower than consensus. so, i mean, it's good for third quarter. not so good for fourth quarter. that doesn't bode well going into the end of the year. >> sam stovall, we've now that three days, potentially four days of losses to start off the month. extremely rare at least in recent history. i think this is the first time since june 2011 we've seen such a stretch. is that the kind of information people should trade off, though, or is it just statistical noise? >> i think it's noise right now. really it's only four days. the thought is they're doing this in advance of tomorrow's employment data with the worry being that the fed will likely start their tapering program this month rather than wait until march. our expectation has been that they would d
remember this is an asymmetric economy and we have keep our eyes on the bottom half. >> it suggests the economy is doing better, even in the face of headwinds and moves us closer to the fed's threshold number. we may get there quicker than we expect. >> thank you for joining us. it's time for "squawk on the street." >> 203,000 jobs added in november. a jobs report headed in the right direction. i'm carl quintanilla with jim cramer. david faber is off. the 10-year yield within about 10 basis points or so of that 3% at least earlier this morning and europe is worth watching as well. looking at the jobs number, as we said, 203,000 non-farm jobs added last month, forecasts calling for about a gain of 180,000. the unemployment rate down 0.3% to 7%, the lowest level in exactly five years. the question is whether or not the fed will scale back its bond purchasing program when the central bank meets later this month. jim, whether it was u-6, the workers, the wages, there's not a lot to quibble with in this one. >> i was most concerned about an even bigger number. this is kind of good. it wa
bell rang just seconds ago on wall street as a new jobs report exceeded expectations, has the economy finally, finally taken off? >>> and the world lead. former president jimmy carter joins us to eulogize nelson mandela, the south african freedom fighter has been canonized for his accomplishments. did you realize the u.s. had him on a terrorist watch list until 2008? >>> good afternoon. welcome to "the lead." we begin with the national lead. it's like most of the country is living inside a flu medicine commercial right now. brutally cold weather has descended upon most of the nation, bringing a deadly ice storm sweeping from texas to new york. nearly 2,000 flights have been canceled, many of them going to or from the dallas-ft. worth airport. it's colder in dallas right now than it is in anchorage, alaska. authorities fear that no amount of shoveling or salting will make the streets safe enough for the dallas marathon or holiday parades so officials decided to cancel both of those events this weekend. at least four deaths are blamed on this massive storm. two of them in oklahoma, wher
]. >> you're causing them to become part of this perpetual unemployed group in our economy. >> maybe you should lend a hand, hmmm? >> with the american worker or against them. >> now we have class envy being stoked by the democratic party. >> oh, my gosh. does that suck. >> we have the most unequal distribution of wealth and income in any major country on earth. >> if you raised the minimum wage too high, you're going to have not more jobs but fewer jobs. >> you sit on a throne of lies. >> but income inequality is ticking up nonstop. >> nobody gives you anything. you earn it. >> we have this big conversation going on in this country right now about income inequality. but none of them have ever experienced it. >>> put some ketchup on that one, will you? good to have you with us tonight, folks. thanks for watching. well, do you remember back in 2000 when bush ran and the conservatives coined this term, compassionate conservatism? wow, was that in a different era. there is no compassion, as far as the republicans are concerned. just listen to what they say, just listen to what they're propo
if this fragile economy had any legs. now we're seeing those legs. one thing i was really encouraged by was the slight increase in labor force participation rate. you can see that across a lot of h-cohorts. the only one that went down was initial one 16 to 25. other than that the other cohorts they were rising. that sort of increase lakreescrease legitimizes increase. >> and people retiring who might have stayed in the labor force during the recession. things look like better. they're retiring. the unemployment being where it is may stay down there despite the upward pressure may not be as high as some thought. haum more months before we hit 6.5% on the unemployment rate? >> i have believed for a long time we'll see 6.5% unemployment rate by the fourth quarter. keep in mind, even with today's federal reserve flow of funds data showing another record increase in household network worth. a lot of people that lost money in the financial crisis they got it back and are even ahead of the game and they're feeling more comfortable. this they want to retire they're retire.
of taper. it gives them comfort that the economy is doing well. i think friday's job report and some other items recently, i think investors are getting comfortable if it does happen in december. >> if it does happen, they say the fed is more likely to wait and happen next year. what is the fed going to be looking at at this point? you see a stronger jobs number. it's tough for a hawk to say that the feds have a definitive breakout pattern. >> that's right. our economists are saying the fed is probably interested in trying to begin the taper process. i think january is a better date. i think that will help. if we can see spending, we'll see how that will be a factor. >> you said at the end of november that december is likely to be a pretty strong month for the market. last week was a down week. what do you think the month will bring at this point? >> i think investors will want to finish the year strong. i think they're optimistic about 2014. there's still a bit of performance chasing taking place. then our position data we track, hedge fund and mutual fund data and broader macro fund posi
be a big win for the u.s. economy going forward. explain. >> we know the human toll. you heard the mayor bing talk about it. kevyn orr talked about it. no doubt. human beings lives are at stake and promises were made. but you have -- and dive just mentioned the previous guest, this unhoe live alliance where unions push politicians, who did them favors, making the unions stronger and able to push in the same policies. this beneficial cycle of power sharing that really helped to bankrupt not just detroit but a wheel lot of other places on the brink. these were very -- promises made over a long period of time, and if we were being honest about it, up -- people could see this coming for a long perfected of time but you had this powerful power structure, and this is what they -- >> talk about a human toll, a big toll on taxpayers. >> mayor bing said, you weigh the consequences and, yes, there's some part is going to come out hurt, and this particular caves it was the unions, but -- >> it's not the first time, right? in the case of the private companies -- we can go back to the days of steel a
's imagine ten million people lose their jobs, we expect to fall off in spending. but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >>> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's health care costs down to zero, they could cure cancer, and conservatives would be shouting from the rooftops that it's a disaster. i think this california thing is hysterical. in part because it's the sort of natural conclusion of the republican panic about this. they vote in mass against the law even though it originated in republican ideas. they vote to try to repeal it unsuccessfully. the website they think will sink it, and then they just throw toilet paper at it. >> and in the absence of a website that wasn't malfunct
the inception. this is 20% of the economy health care. it's not going to happen overnight. for me who's not a health care specialist, i look at three or four things that make it critically important. 3 to 4 million people uninsured, will be insured. the 100 plus people that get preventive care that don't have it and the 125 million plus people that have preconditions that will now have to not worry they won't get insurance. those are the things most important to me that is not someone worrying about the day to day website. not that it's not a problem. >> the day to day function of the website comes back to this question about affordability for health insurance longer term. to get younger healthier people involved, it's got to be easy for them to sign up not as difficult as it is right now. when we start to look at what the premiums will be for the next year and beyond i mean, all -- this becomes very, very poblgd. lgd jfrz >> to get health care lower costs, website has to be ioned out. we need to get the young and vibrant to want to go on the exchange. adds peo
in jobs. does president obama deserve credit for improving the u.s. economy after a surprisingly strong employment report? i'm wolf blitzer. you're in "the situation room." >>> a ten-day mourning period is under way for one of the most influential leaders of our time. we're learning more about the final tributes to nelson mandela. stand by for that, and for my special conversation with the former president, bill clinton. he reveals a time when he and the south african president didn't see eye-to-eye but first, the breaking news we're following. >>> a brutal winter storm turns deadly. at least four people have been killed on icy roads in the southern u.s. we're seeing a dangerous mix of snow, sleet, freezing rain and bone-chilling cold, and it's creating hazardous conditions from texas to tennessee and beyond. now a one-two punch of weather misery is on the way, affecting both coasts from now through monday. we have team coverage beginning with our meteorologist jennifer gray at the cnn weather center. jennifer, what's going on? >> well, we are getting that one-two punch. we have this on
from taxpayers to get by. we heard the president speak about the economy. i just want to remind everybody what he had to say. take a look. >> we know there are airport workers and fast food workers and nurse assistants and retail sales people who work their tails off, and are still living at or barely above poverty, and that's why it's well past the time to raise a minimum wage that in real terms right now is below where it was when harry truman was in office. >> so, paul, if we look at certain states, california, new jersey, new york, they've raised minimum wage requirements, but on a national level, how effective are demonstrations like what we'll see today to help elevate the conversation to where it needs to be? >> i've been following involved with wage campaigns for more than 20 years. i've never seen this level of national focus and momentum, and in particular, states are already starting to act and they're pushing for much more significant increases in the minimum wage that bring it much closer to the historic level. the president and congress have called for $10 an hour.
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
the economy is still weak and i think we can accomplish that the next couple of days. >> congressman chris van hollen says he puts the chances of a deal at 50-50 and that any cuts to federal employees' pensions would be a deal breaker, at least for him. >> you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agribusinesses that get huge taxpayer subsidies to have a contribution. >> of course he has a slew of federal employees in his district. joining me now dnc congresswoman debbie wasserman schultz of florida. thanks for being here. now, the "washington post" quotes the head of a bipartisan think tank that this could be declared a victory is an indicator of how low the process has sunk. they haven't really done anything except avoid another crisis. and so i guess for me is are we just doing another version of kicking the can down the road or is there some sort of potential detente between the two parties when it comes to the budget? >> it doesn't appear there's going to be some sort of
in one of the southeast asia's largest economies. demonstrators are looking to topple the government and the current prime minister after accusations of corruption and abuse of power. the u.n. has closed its offices in bangkok warning foreign travellers to stay out of the streets. >> afghanistan president karzai is accusing the u.s. of holding back fuel and other supplies. he said they are holding back supplies in an attempt to pressure for him to sign the agreement. >> from the "los angeles times" officials say speed may have been a factor in the crash that killed actor paul walker and his friend over the weekend. according to police the "fast and furious" star left a charity event. witnesses at the event said they heard a loud boom and saw smoke. walker was in the middle of gaming "fast and furious 7." walker leaves behind a 15-year-old daughter. he was 40 years old. >> really. isn't that bizarre? came from a charity event and he gets in one of the cars and the guy drives off with him -- >> he was the passenger in the car. >> passenger in the car and runs into a pole and blows up.
what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an accra nism. cyber monday dates from the day when people had slow internet at home and came to work on monday after thanksgiving and ordered. now so many have broadband people are shopping on-line all the time and the retailers are scrambling to catch up with consumers. >> i shop on-line too in light of the incidents you see every black friday, always seems to be a fight somewhere and that can't help retailers, right? >> right. well, of course not. but i think people like going to the stores. we at the "wall street journal" and others did stories following teenagers around the mall and that's social. you can
among 65 countries and districts that make up the lion's share of the global economy. american teens are down four spots in science coming in at 24. and they slipped another -- >> this is unbelievable. >> ten spots -- >> look at that. >> to 21st when it comes to reading. several chinese cities as well as japan and singapore saw their students improve significantly. >> willie geist, your mom has been involved in educational reform. we were talking about mike bloomberg who dedicated four years to it. the gates spent billions and billions of dollars and the only thing -- not the only thing but one of the main things they learned reducing class sides. they spent billions of dollars on that. that doesn't work. man, the past four years when it seems everybody's focus has turned to education reform in a big way, just been disastrous, not disastrous but terrible. our state of the union are getting worse and worse. >> this is a trajectory we've seen for more than a decade. it goes back. maybe you say we'll give the reforms of the last few years to settle in. reaction to this study was amazing
-existing conditions as a discrete problem. you don't call for remaking one-sixth of the economy on the grounds of experts who think in washington that in 20,000 pages of regulation they will remake as complex an eco-system as american medicine. that was the wrong approach from the start. it's a principled position to say it won't work. it cannot work. let's do something else. >> charles krauthammer, great to see you. >> pleasure, thank you. >> up next, the gop campaign lessons on how to talk to women. is that necessary? >>> plus, a bus full of kids so out of control they had to call the cops. wait until you hear who got in trouble. >> [ bleep ] focus on what you're doing. what if you pushed the bus over or hit somebody. you think it's [ bleep ] funny? look at me like a man. you want to grow up to be a man? look at me like a [ bleep ] man. ♪ ♪ [ male announcer ] the mercedes-benz winter event s back, with the perfe vehicle that's just right for you, no matter which list you're on [ santa ] ho, ho, ho, ho! [ male announcer ] get the all-new 2014 cla250 starting at just $29,900. [ male announ
know the economy is essential, and it's good he was meeting with secretary geithner, but here on his signature issue not to take charge. and i have no doubt the white house is right, that secretary sebelius was in several group meetings with the president about health care, but the whole point is, there was nobody in charge in the administration. the president was turning to and saying i look to you for overall responsibility, and in this case it should have been the secretary of health and human services. she does run the department that oversees this. and the fact that he was not meeting with her one-on-one, i think, frankly, is not so much an indictment of her but of the white house operation. >> which is fascinating because we saw her testify very publicly, she took full responsibility for what had happened, but at the same time if this was so important to the president, you would think that there was a lot more one-on-one interaction especially on something that's so critical to him and his policy. professor, the president went on msnbc this week, he was asked about his manageme
the internet of everything. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> welcome back to "the lead." i'm jake tapper. time for the world lead. he was a global icon for peace and nonviolence and his memorial service is obviously tomorrow. it's on pace to rival anything we have seen in decades in terms of size and security presence. among the throngs of mourners flocking to johannesburg right now to bid farewell to nelson mandela are 91 heads of st
of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information risks, fees and expenses to read and consider carefully before investing. >>> eight >>> eight minutes left in the selling session. we're down 85 now 88 points on the dow. that's the lows of the session right there. pulling back from those all-time highs we had been seeing early last week. joining us to talk about the markets, jeff from raymond james and bob pisani as well. jeff, you're thinking about taxes. you think that's what's going on? people doing tax planning before the end of the year? >> the people i talked to on the retail side are talking about not selling, trying to carry profits into next year. that's what we see on the retail side. my timing models that called for pullback, are calling for a pullback here. they say it's a go ahead time to be cautious. if you get a pullback i think it sets up the fabled santa claus
industry in this u.s. economy? >> well, no, i wouldn't say so because if you look at the housing market today, we just saw that story, i agree. i don't believe those new housing sales numbers. overall, the single family construction market is still completely in a slump. you can blame that completely on the fact that it's very hard to get credit out there in the housing market today. and that's really suppressing what should be a big boost to the overall u.s. economy. so, we're really suffering as a result of this. it isn't helping. >> guys, thank you. >> this is only going to make it worse. >> appreciate your thoughts. have a good convention. >> thank you. >> thanks, guys. we now have a little more than half an hour to go before the close. we're keeping a close eye on markets as we head into the close. >> we're coming bang here. >> about 34 points. more than 1030 points at the low. >> we'll see if we can come back in the last half hour. why did merrill lynch fail back in the crisis, you ask? former president of merrill lynch international is out with a new book with never before reveal
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. and our networks are getting crowded. but if congress, the fcc, and the administration free up... more licensed wireless spectrum, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. so when my moderate to severe chronic plaque psoriasis them. was also on display, i'd had it. i finally had a serious talk with my dermatologist. this time, he prescribed humira-adalimumab. humira helps to clear the surface of my skin by actually working inside my body. in clinical trials, most adults with moderate to severe plaque psoriasis saw 75% skin clearance. and the majority of people were clear or almost clear in just 4 months. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of c
is under control and doesn't present a serious threat to the economy. he focused on the gap between the rich and the poor and making the case for raising the minimum wage to more than $10. while extending unemployment benefits. >> we know that we're going to have greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty and that is why it's well past the time to raise a minimum wage that in real terms right now is below it was than when harry truman was in office. >> republican leaders quickly took issue with the president's poach. house speaker john boehner suggesting the president's policies created the very problems that he described. >> meanwhile republicans and democrats are trying to hammer out a budget deal to avoid another government shutdown next month. paul ryan and patty murray are heading up these talks. the two sides are said to be about $100 billion apart with the gap narrowing in the
on cnn. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> memorials are growing and people in south africa are celebrating the life of nelson mandela, the civil rights icon died thursday at the age of 95. cnn's robin kurnow is live outside his home in johannesburg where it really is a place of holding vigil, at the same time celebrating his life. >> reporter: absolutely. it's like a pilgrimage here. south africans doing what they always do, they sing in times of happiness and in times of hardship. and this noise, this celebration, this la meant you hear behind me has been going on literally since thursday night. people singing over and over again, nelson mandela, nelson mandela, there's no one like you. now, many of these south africans behind me felt like they had a personal closeness with nelson mandela. they owe so much to him. and he had that way with people. his family saying today that he had time for everyone, kings and queens, rich or poor, great or small. and, in fact, one of those people was bill clinto
the thinking at the moment is the economy could be strong enough to handle it. >>> amc, it's all about that stock, a little popcorn, a little stock. amc theaters gearing up to go public at the new york stock exchange expected to happen at the end of the month and it will reward its most loyal 2.5 million customers, they have a chance to buy shares usually reserved for the big investors. in a letter from the company's ceo from jerry lopez, he says members of the amc stubs rewards program will be offered the same price as the big banks and large wall street institutions, meaning the little guy gets to buy the shares a day before they go public so finally, john, finally the little guy can get in on the action, just like the big guys. john? >> maybe a little hot buttered stock to go with your popcorn and movie. >> there you go. >> alison kosik, thanks so much, appreciate it. >>> checking some of the top story this is morning, american airlines and u.s. airway also officially become the world's largest airline today after the merger beat a number of legal challenges. the new company will be
takeaway now from the data that we're getting? >> i think the economy was strong in the third quarter and some of the weakness that we're going to get in the overall gdp number in the fourth quarter i think is exaggerated by inventory turn around. jobs are doing okay, we came back from a little swoon we had in july/august and it looks like businesses in the private sector were able to find their way through or even see through the government shutdown and hired and seem to be doing okay with the big exception to the data capital investment, simon. >> i know that's a big thing for next year. tom, the dow and s&p have each recorded eight consecutive weeks of gains. is it any wonder that we're correcting? >> i think what the market has to grapple can is what's your next catalyst to move higher? we have a modestly better economic profile built in for 2014 but it's still a better profile. while it may seem like a rather small advance from this year, the the bottom line is the incremental growth could be seen as a catalyst into the equity market in 2014. >> what do you think, rob, will work
, thanks. >>> we want to turn to encour e encouraging news when it comes to the economy. the unemployment rate has turned to its lowest rate in five years. kristen welker has more. >> reporter: the economy added 203,000 jobs in november. surprising some economists say, especially in the wake of the government shutdown and they say it could be an indication the recovery is about to take off, despite the political gridlock here in the nation's capital. neil bloomen that is all launched up this eye store three years ago in new york. these days he sees signs the economy is recovering. >> we have more than doubled in sales and next year, we are planning to high about 150 people. >> reporter: that hiring trend reflects what is happening throughout the country with news friday that employers added more than 200,000 jobs for each of the last four months. in november, many were good paying jobs. 40,000 in education and health care. 27,000 manufacturing jobs added. 17,000 construction jobs. >> now we are getting consistent job reports plus 200 and that is positive and positive not only for the econ
's trip was supposed to be about trade and the economy. now in fact it's all about the chinese military. vice president joe biden with one eye towards a possible 2016 bid is getting the chance to flex his international muscle power in asia. >> the united states has an interest in the lowering of tensions in this vital region. as i believe all the countries in northeast asia share that same interest with us. >> reporter: biden, in crisis manager mode, arrived in tokyo as the region confronts a power grab by beijing. china declared it now controls a vast portion of the air space over the east china sea and remote islands that both china and japan claim. biden will bluntly ask the chinese leaders their military intentions when he stops in china next. u.s. officials worry china's ultimate aim is a confrontation with japan. >> we, the united states, are deeply concerned. by the attempt to unilaterally change the status quo in the east china sea. this action has raised regional tensions and increased the risk of accidents and miscalculation. >> reporter: china is demanding aircraft flying thr
issue from the bucket, economy, jobs, health care, immigration you name it they will stand in the way of quote giving him a win. they don't want him to succeed. as we know, there have been two books wren that republicans collude before he was inaugurated to insure he would not be successful. so a president's job is to be hopeful and optimistic. that's what the president is being here, but that's not to say that he shouldn't try. because the president, while hopeful and optimistic. he's dealing with all these obstruction and impediments, he has to try, otherwise why be in the job? >> what's the point of the job. isaac, when you watched the interview, it was sort of interesting to watch a president expound at length about what it's like to be president while he's president. it is sort of an interesting experience we don't get to see. what were you seeing? what were you taking away from what you heard the president talking about this week? >> this was the first interview obama has done in a few weeks where he seemed back on hills game, he seemed confident, feisty. happy, the last few tim
in our economy, why do we have it? >> coming up, senate minority leader mitch mcconnell says the g.o.p. would have taken a scalpel not a meat action. what does he mean by that? mitch mcconnell will tell you next. >>> now it's time to show you what we are watching. we put together the most fantastic videos out there tonight. quarterback showing off talents away from the football field. the quarterback and the guys from dude perfect taking over a dick's sporting goods store and making an amazing trick shot video. >> put your hands up. come on put your hands up. are you ready to go. >> put your hands up. >> we warn you not to try these tricks at your local sporting goods store. speaking of tricks, a guy named donnie tricking crowds of people in china. he convinced them he was tennis star roger federer. he does not look like him but he put on some of the nike gear, hired body guards and took to the streets of shanghai. people flocked to him asking for photos and autographs. >> what does the fox say. check this out when a woman asks him that question. it looks like the red fox is trying
horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, h, wi tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron! whoa. ah...yeah, pretty much walked into that one. geico anywhere anytime. just a tap away on the geico app. >>> welcome back. president obama gave chris matthews an extended interview on msnbc on thursday. the appearance raised a few eyebrow s and riled up some mea types. >> the american people are good and they are decent. and yes we get very divided partly because our politics and our media specifically tries to divide them. and splint ter them. >> ah, yes, president obama as media critic. i personally love when any president jabs the press because it gets us talking about fairness, both the medias and the administrations. eric dagen is the critic for the npr. jane, you used
unemployed group in our economy. >> you know, i want to get your response on what we just heard from him, but there's a news conference under way. the sandy hook elementary school parents are now speaking out. i want to hear what they're saying. >> since that day, we have been overwhelmed by the outpouring of kindness, love, prayers, generosity, received from the entire world. to simply say thank you is not enough to express our sincere gratitude. in the mid sti of our grief, we have come to realize that we want our loved ones to be remembered for the lives they lived and how they touched our hearts. we have been uplifted by the support of so many people. and we would like to keep that spirit of unity and love alive in all we do to remember those we so dearly miss. it is with this in mind that we have created the my sandy hook family.org website. this website is intended to serve as a singular place of sharing, communication, and contact with the families of those who lost their lives that day. my sandy hook family.org allows us the opportunity to honor those taken from us so violently.
weeks, you're causing them to be part of this perpetual unemployed group in our economy. >> helping unemployed workers does them a disservice? that's heartless, clueless, and gutless all rolled into one. right now a majority of americans want to raise the minimum wage. but here's the response from another top republican. >> you don't want to raise the minimum wage to the point you're losing jobs. if you raise it too high, you'll have fewer jobs and fewer opportunities particularly for these young people. >> so giving the lowest paid workers a fair wage threatens the economy? that, too, is clueless, heartless, and gutless. and what about gutting $40 billion in food stamps over ten years? that's what house republicans want. the congressional republicans with the median net worth of nearly $900,000. and now at a time of crisis they want to turn their backs on the unemployed. and on young people. like 11-year-old deshani. living in poverty through no fault of her own. america, we are better than this. and the gop, the party of lincoln should be better than this. joining me now is democr
for american progress, a liberal think tank in washington, talking about the economy, issues bi s like incom disparity, called for a hike in minimum wage, extending unemployment benefits, but he wrapped up an event at the white house with younger americans, a youth summit here at the white house that goes to the issues that the white house believes younger americans care about. first and foremost on the president's mind, was the affordable care act, they desperately want younger americans to sign up. you mentioned the enrollment numbers. 29,000 in the first couple days of this month, exceeding all of what was picked up in october, and about a third, by the way, of what the administration says will be reported for november. and the president very interestingly at one point, brooke, talked about the term obama care. people in washington have been saying the president hasn't been using the word obama care as much lately. what's the deal with that? the president used it during this address to younger folk s here at the white house. here's what the president had to say. >> i know people call this
an economy are blooming for people with access to greater education, more experience in high-tech industry, and not necessarily people who are in our neighborhoods. >> reporter: gabriel metcalf of the san francisco planning and research association understands the apprehension. >> people are really afraid especially renters like me if you lose your apartment, you have to move out of the city most likely. >> reporter: speaking of moving, st
the whole economy. >> as long as the of foresees their movies are watching tv oro buy their stuff they are fine. john: russell brand known for flicks like forgetting meet sarah marshall had his own tv show was canceled and now he is developing a new show which is owned by fox. what are you thinking, fox? he objects to capitalism solid interview were said what would you replace it with? to make you talk vaguely about revolution what is it? >> the egalitarian system with the heavy taxation of corporations and massive responsibility for the energy company to exploit the environment. >> they get a little tiny bit of knowledge did it become so watered down socialist dribble and he is the attention horror like the paris hilton of film. john: he once a socialist egalitarian system. >> appeals to people when they are very young and idealistic and passionate and insane which is you are supposed to be but then we grow up and pay taxes. he is not relevant in entertainment so he has to say these things to get injured -- attention. john: what about george lucas? he has made billions to help cr
officials expect continued improvement in the nation's economy in the next year. the feds have repeatedly criticized the program. the new york times says the plan to cut the bond buying program could come next week. >>> gasoline prices are moving higher. the average price of a gallon of regular nationwide increased 3 cents over the past two weeks to $3.28. the lundberg survey says prices at the pump have risen 6 cents over the past nine months after a three-week decline. >>> and "frozen" frosted ""the hunger games."" the disney animation took first place with $31 million in ticket sales. after dominating the box office for two weeks "the hunger games: catching fire" came in second. "out of the furnace" was a distant third at $5 million. >> i sense the theme, we're moving to cold weather so that's something we want to see on the big screens or something along those lines. >> how parallelous. >> thanks a lot, wendy. >>> straight ahead, your monday morning weather. and in sports, follow the bouncing ball. the steelers try to lateral their way across the dolphins. we'll let you know if it wor
.s. economy, and this is the system they have now settled on, privately, late in the evening. and then consider what the president said just this afternoon. >> the bottom line is, this law is working and will work into the future. >> senior fellow at the manhattan institute, national review columnist and how medicaid fails the poor. this is unbelievable. i mean, this is from the reuters report an hour ago. health plans will estimate how much they're owed. and then they will submit that estimate to the government. once the system is built, the government and insurers can reconcile the payments made with the planned data to true up the payments. oh, joy, so it is basically an honor system if i'm reading this correctly. >> well, the basic thing to understand is it is not a bailout of the insurers, but a bailout of the president. because two weeks ago we heard from one of the top operators of the system, is that it hadn't even been built yet. >> 30 to 40% of healthcare.gov has not been built yet, we said exactly what part of it is that? and they revealed it is the payment mechani
technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> the district attorney in rochester, new york, followed the advice she was given on this program last night by a former upstate new york federal prosecutor. >> now to a developing story here in the city of rochester. unfair and out of line, that's what three teenerize calling their recent arrest. >> arrested in rochester, new york, last week, while committing the crime of waiting while black. >> their families athey have never been in trouble before and they shouldn't be in trouble now. >> they are members of the edison tech high school basketball team who were waiting for their school bus to take them to a scrimmage basketball game on wednesday morning. at 8:43 a.m., they were arrested and charged with disorderly condu
. the weather is broken. the economy is broken. every marriage is broken. nothing is perfect on this planet. we shouldn't expect it. that's why we pray i will be done on earth as in heaven because in heaven god's will is done per if he cannily. on earth it's done rarely. that's why we prayer god thy will be done on earth as in heaven. now, if we're looking for the answer to the question why in order to feel good, even if you know why, it's not going to take away your pain. so stop asking why. you see, if kay were to drop dead tomorrow and i were to know the reason why, it wouldn't make it any less painful. explanations never comfort. god specializes in turning curse fictions into resurrections. he specializes in bringing good out of bad. anybody can bring good out of good. god specializes in bringing good out of bad. i can see how god brought good out of the terrible badness of my son's suicide. it's made me more sensitive. i'm much more sensitized to people's pain. >> are you a better pastor do you think because -- >> without a doubt. >> because of the steering agony you've had -- >> without a
in our economy. >> that's sort of breathtaking, ruth. it's the unemployment insurance that creates the dependency. >> can you say scrooge? thank you for let me have at it. my mouth dropped open when i heard that. being unemployed for a long time is a very bad things in terms of your prospects. i would like to find one person out there who has been collecting unmoimt for that long-term who would not welcome the chance in this holiday season, i would point out, to have their benefits extended. they are in a terrible situation as the senator pointed out. he just wins my garage award of the year. >> we may have to keep that award open. also "politico" magazine written on the contrast between the contrast between secretary of state john kerry and hillary clinton. mark halperin you've covered both. whether or not is the contrast here. it seems to me john kerry is in defatiguable. he got on a plane friday night, back on the plane to go back to hearings on iran deal, back to asia, may go back to israel we hear coming back in. they really are working hard and gave a speech on saturday when
of the world's five largest economies. when the french work, their productivity per hour is among the highest in the world, even better than in the u.s. problem is, french workers are on the job almost 300 hours less per year than their american counterparts, so french economic growth lags far behind the u.s. >> people understand very well that the french system will not survive long if it's not reformed. people have to work more. for years, people thought that they could work less and earn more. >> but they can't. >> which is absurd. >> editor stephane marchand says other countries in europe are already moving in the other direction, increasing the work week without raising salaries. and france has made some minor reforms in its 35-hour work week. it's a question of economic survival. >> the germans are showing us the way. german companies are saying the employees, "okay, you renounce the 35-hour week or we take your jobs and we send them to hungary, poland, if not china. >> so there should be huge political support then to change it. >> um, there is not a huge political support to change it
to listen to the american people and to focus on their concerns. now, whether it's the economy, whether it's jobs, whether it's protecting the american people from obama care, we've done our work. when you look at the number of bills passed by the house and the paltry number of bills passed by the senate, you can see where the problem is. >> so far if you can believe it, only 55 bills have been signed into law this year. that makes this the least productive congress ever. >>> we talked about this just a few minutes ago, amazon with the world on the edge of its seat. they have this tantalizing glimpse into the future of faster delivery using drones. it turns ot drones are already in widespread use. check it out, real estate agents use them to photograph homes for prospective buyers. farmers used them to spray. even hollywood uses them on productions. so if amazon has its way, will drones be dropping that new pair of shoes or a book at your doorstep? let me bring in matthew yglesias, nick wingfield is a "new york times" technology reporter. good to see you, guys, good morning. >> good mornin
it may be okay. but the economy remains fragile. especially at the lower income level. and i think that has the retailers very, very nervous. people are absolutely looking for bargains. promotions are top of mind. 50% of shoppers this weekend said they were looking for a bargate, looked for promotions before they went to the store. a third said that they compared prices. through their device smartphone tablet whatever they were carrying around because they are armed and ready and will not buy until they see bargains. i call it a promotional arms race that's going on amongst the retailers. >> okay my inbox is a promotional arms race. there's a sale on everything. >> and most people today know how to seek information better than they've ever done before because of the online femme on none. >> that's right. the online has not increased the amount of shopping people are doing it's increased the ways they shop. that billion dollar number was significant and there's certainly more of the weekend spending was on line 44%. four out of every ten americans bought someth
group in our economy. while it seems good, it does a disselfto the people you're trying to help. >> uh, no. welcome to the real world, senator, where there are still three job applicants for every one job out there, cutting the lifeline for active job seekers there not magically create, but it will put -- cutting unemployment benefits? that is a five ho ho ho, newt gingrich. first, let me say i believe there are things we could do to dramatically improve the impact. to actually prepare people for getting to work and versus a better job in the future. but took in the crossfire, weapon hawaii's democratic
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